{"id":3038,"date":"2024-04-30T18:15:30","date_gmt":"2024-04-30T18:15:30","guid":{"rendered":"https:\/\/www.pugatch-consilium.com\/?p=3038"},"modified":"2024-04-30T18:15:31","modified_gmt":"2024-04-30T18:15:31","slug":"pugatch-consilium-and-the-council-for-innovation-promotion-launch-inaugural-congressional-innovation-scorecard","status":"publish","type":"post","link":"https:\/\/www.pugatch-consilium.com\/?p=3038","title":{"rendered":"Pugatch Consilium and the Council for Innovation Promotion Launch Inaugural Congressional Innovation Scorecard"},"content":{"rendered":"\n<p>A few weeks ago, Pugatch Consilium\u2019s Professor Meir Pugatch and Dr David Torstensson were<br>in Washington D.C. to help launch the inaugural edition of the Congressional Innovation<br>Scorecard.<\/p>\n\n\n\n<p><br>The purpose of the Congressional Innovation Scorecard is to assess and rate how the U.S.<br>Congress as a whole and its individual members (Senators and Representatives) through their<br>political, legislative and policy activities work to promote and nurture America\u2019s goal of a strong<br>national IP system that drives innovation, boosts economic competitiveness, and improves lives<br>everywhere.<\/p>\n\n\n\n<p><br>The U.S. economy is today not only the largest economy in the world \u2013 with an estimated GDP<br>at over USD 25 trillion \u2013 but is in size and scale the biggest source of innovation and creativity<br>globally. This creativity and innovation is in large measure due to our advanced system of<br>intellectual property (IP) rights and incentives. The USPTO found in 2022 that IP-intensive<br>industries made up over 40% of the U.S. economy and supported around 63 million jobs or 44%<br>of all national employment. The importance of IP-intensive industries to the national economy is<br>also reflected in the value of the largest and most successful U.S. companies, namely those<br>constituting the Standard and Poor&#8217;s (S&amp;P) 500 index. Two generations ago, in the mid-1970s,<br>four-fifths of the value of the companies listed on the S&amp;P 500 lay in their tangible assets.<br>Today, the opposite is true. A study by Ocean Tomo JS Held found that, as of 2020, 90% of the<br>value of S&amp;P 500 companies lay in their IP assets. Indeed, IP-intensive industries have never<br>been more important to the U.S. economy or our national security which depends on America&#8217;s<br>ability to out-create, out-invent, and out-innovate any potential adversaries or future national<br>security threats. But a strong innovation-based economy cannot exist without a strong IP<br>system \u2013 both today and for our future. In this sense, our national IP system is America\u2019s 401(K)<br>program \u2014 the vehicle we use as a nation to invest in our country\u2019s future. Consequently,<br>nurturing our national IP system is critical to ensuring future prosperity, peace, and security, a<br>job that falls in great part on our nation\u2019s lawmakers.<\/p>\n\n\n\n<p><strong>Key findings<\/strong><br><strong>Key finding 1:<\/strong> The U.S. Congress as a whole is failing to engage fully and effectively on national<br>IP issues \u2013 gets a Scorecard grade of \u2018C\u2019 \/ \u2018C-\u2018<br>A substantial majority of Congressional membership \u2013 close to seven out of ten members \u2013<br>receives a Scorecard grade of \u201cC\u201d or \u201cC-.\u201d In legislative terms this means that close to a<br>supermajority of Congress shows, at best, only a passing interest in national IP policy. While IP-<br>intensive industries made up over 40% of U.S. GDP and 90% of the value of the S&amp;P 500, only<br>a small percentage of bills introduced and considered \u2013 let alone voted on by the whole<br>Congress \u2013 over the last three congresses have been pro-IP. There is a striking disconnect<br>between most members of Congress claiming to be pro-innovation and this lack of activity in<br>relation to pro-IP policies. To be pro-innovation one must also be pro-IP.<\/p>\n\n\n\n<p><strong>Key finding 2:<\/strong> Despite the overall lack of engagement on IP issues, there is a small group of IP<br>champions in the Senate and pro-IP voices in the House of Representatives<br>Across the three congresses examined in the Scorecard there is a clear group of IP champions<br>in the Senate \u2013 Senators Chris Coons, Thom Tillis, and Mazie Hirono. These senators<br>consistently sponsor, cosponsor, and vote for pro-IP policies. In particular, over the time period<br>studied, Senators Coons and Tillis outperform the rest of the Congress by a significant margin.<br>In the House of Representatives, members were less active on IP, and nobody rose to the level<br>of the Senate champions. Still, a few stood out among their peers, including, for example,<br>Representatives Ben Cline (who achieved the highest score in the House), Deborah Ross,<br>Hakeem Jeffries, and Thomas Massie. The leaders of the Subcommittee on Courts, Intellectual<br>Property, and the Internet \u2013 Representatives Darrell Issa and Hank Johnson \u2013 also proved to be<br>generally pro-IP voices, with Representative Issa more on copyright-related issues and<br>Representative Johnson more on patent-related issues. Both were also active in relation to<br>trademark-related issues, including cosponsoring the SHOP SAFE Act.<\/p>\n\n\n\n<p><strong>Key finding 3:<\/strong> There is also a group of members that are affirmatively and consistently hostile to<br>pro-IP policies, thereby harming America\u2019s competitiveness and national security<br>Across the three congresses examined in the Scorecard, a group of members in both the House<br>of Representatives and Senate have through their political, legislative, and policy activities<br>supported and promoted anti-IP policies. In the Senate, these Members include Senators<br>Maggie Hassan, Amy Klobuchar, Bernie Sanders, Elizabeth Warren, and Peter Welch. In the<br>House of Representatives these Members include Representatives Marie Gluesenkamp Perez<br>and Lloyd Doggett.<\/p>\n\n\n\n<p>To access the Scorecard please visit:<br><a href=\"https:\/\/c4ip.org\/congressional-innovation-scorecard\/\">https:\/\/c4ip.org\/congressional-innovation-scorecard\/<\/a><\/p>\n\n\n\n<p>To read more about the Scorecard and coverage in the mass media please see:<br><a href=\"https:\/\/news.bloomberglaw.com\/ip-law\/lawmakers-lack-serious-engagement-in-ip-issues- scorecard-says\">https:\/\/news.bloomberglaw.com\/ip-law\/lawmakers-lack-serious-engagement-in-ip-issues-<br>scorecard-says<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\nA few weeks ago, Pugatch Consilium\u2019s Professor Meir Pugatch and Dr David Torstensson werein Washington D.C. to help launch the inaugural edition of the Congressional InnovationScorecard.<\/p>\n<p>The purpose of the Congressional Innovation Scorecard is to assess and rate how the U.S.Congress as a whole and its individual members (Senators and Representatives) through theirpolitical, legislative and policy activities work to promote and nurture America\u2019s goal of a strongnational IP system that drives innovation, boosts economic competitiveness, and &#8230;<\/p>\n","protected":false},"author":3,"featured_media":3042,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,8],"tags":[],"class_list":["post-3038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-innovation","category-intellectual-property"],"_links":{"self":[{"href":"https:\/\/www.pugatch-consilium.com\/index.php?rest_route=\/wp\/v2\/posts\/3038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pugatch-consilium.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pugatch-consilium.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pugatch-consilium.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pugatch-consilium.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3038"}],"version-history":[{"count":3,"href":"https:\/\/www.pugatch-consilium.com\/index.php?rest_route=\/wp\/v2\/posts\/3038\/revisions"}],"predecessor-version":[{"id":3043,"href":"https:\/\/www.pugatch-consilium.com\/index.php?rest_route=\/wp\/v2\/posts\/3038\/revisions\/3043"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pugatch-consilium.com\/index.php?rest_route=\/wp\/v2\/media\/3042"}],"wp:attachment":[{"href":"https:\/\/www.pugatch-consilium.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pugatch-consilium.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pugatch-consilium.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}